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Given the following two mutually exclusive projects, calculate the equivalent annual annuity for project Y. Assume a required rate of return of 10%. (Round to
Given the following two mutually exclusive projects, calculate the equivalent annual annuity for project Y. Assume a required rate of return of 10%. (Round to 3 decimals)
Year | Project X | Project Y |
0 | -500 | -600 |
1 | 320 | 300 |
2 | 320 | 300 |
3 | 320 | 300 |
4 | 300 |
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